International Accounting and Controlling

What are financial instruments? How can we measure financial assets? Compound financial instruments, hybrid forms

How do we present taxes in financial statements? What are deferred taxes and why do they occur?

How to recognise provisions, types of provisions, measurement of provisions

How can we calculate the cost of inventories? What is the net realisable value and how do we calculate it? What is the value added tax? Construction contracts and how to recognise contract revenues and expenses

Classification of leases , accounting for different kinds of leases, calculation of present value , two methods to calculate the finance charge (Interest that has to be paid)

What happens when there is a change in accounting policies? What do we have to do with our financial statements? What if we make errors and recognise it in a period later?

What is an asset held for sale? What are the differences between PPE (property, plant and equipment) and non-current assets held for sale? How do we recognize and measure assets held for sale? How do we presents the sale of assets held for sale in the financial statements? What are disposal groups and discontinued operations?

What is impairment of assets and why do we need it? What is a cash generating unit (CGU)? What is the recoverable amount and how do we calculate it? How do we present impairment losses or gains in the financial statements?

Explanation of intangible assets, what they are and what goodwill is

How do we write down PPE in our financials statements, how do we recognise it, how do we calculate depreciation, etc.